Quote:
Originally Posted by aerohead
The caveats down below in the 'fine print' help explain what the lessee will actually pay per month.
Math is our 'friend.'
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The end number is $79 per month, not including taxes, insurance, electricity and whatever maintenance that's expected of the lessee. $79 per month is still pretty cheap.
After two years they want $22,226 for the car, which is where things get expensive. Car loans are now going for 8%, which means a 5-year loan would be a monthly payment of $450 per month, not including any taxes or fees.
And this is for a car that wouldn't be good for driving out of town.
It's still tempting.